Question
Which of the following statements suggests that the crude oil market is in backwardation? a. Convenience yield is negative b. Supply of crude oil is
Which of the following statements suggests that the crude oil market is in backwardation?
| a. | Convenience yield is negative | |
| b. | Supply of crude oil is currently abundant, demand is low, storage space is at a premium | |
| c. | Long-term contracts trade at a premium to short-term contracts | |
| d. | None of the above |
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
